<p>Orthogonalized impulse response functions for the emerging economies.</p> Full article ">Figure 2
<p>Orthogonalized impulse response functions for the advanced economies.</p> Full article ">Figure A1
<p>Orthogonalized impulse response functions for the emerging economies. Notes: based on a third-order PVAR model.</p> Full article ">Figure A2
<p>Orthogonalized impulse response functions for the advanced economies. Notes: based on a third-order PVAR model.</p> Full article ">Figure A3
<p>Orthogonalized impulse response functions for the emerging economies. Notes: GEPU is used as a proxy for foreign EPU.</p> Full article ">Figure A4
<p>Orthogonalized impulse response functions for the advanced economies. Notes: GEPU is used as a proxy for foreign EPU.</p> Full article ">Figure A5
<p>Orthogonalized impulse response functions for the full sample. Notes: the full sample analysis uses a first-order PVAR model.</p> Full article ">